> There's been a ton of expensive development all over Portland. Condos and apartments in desirable areas, none of it affordable except for rich folks. However

> There's been a ton of expensive development all over Portland. Condos and apartments in desirable areas, none of it affordable except for rich folks. However, housing prices have stabilized here somewhat. Having more options for rich folks in highly desirable areas means less pressure on housing away from those areas. Correct. This is the economic consensus view, and a lot of data has borne it out.